Republic of Azerbaijan: 2021 Article IV Consultation-Press Release; and Staff Report

International Monetary Fund

No 2021/278, IMF Staff Country Reports from International Monetary Fund

Abstract: Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into recession. A sizeable relief package helped cushion the economic impact from this shock, and the economy has started to recover. Yet the medium-term outlook remains subdued. The long-term fiscal position is unsustainable as oil resources are expected to run out by mid-century. The authorities have laid out strategic goals of accelerated yet sustainable socio-economic development over the next decade and are developing policy plans to that end.

Keywords: CPI data ROSC; fund Dept; safeguards assessment policy; fund surveillance; transparency policy; International Monetary Fund Washington; d.c; Oil prices; Oil; External sector statistics; Global (search for similar items in EconPapers)
Pages: 67
Date: 2021-12-22
New Economics Papers: this item is included in nep-cis and nep-mac
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